What is the process that compares total hours of each worker as shown by the attendance record with the hours reflected on the job time records for that employee?
a. accrue employer taxes
b. distribute labor costs
c. reconcile hours worked
d. pay employees
C
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Which of the following guidelines for online communication is least likely to protect both you and your employer from problems?
A) In your message, you identify yourself as a company employee but add "my opinion only" to messages and posts. B) You don't cite or reference customers or suppliers without their prior approval. C) You avoid sharing proprietary company information about products or strategies with anyone outside of the company. D) You don't insult or disparage your employer or any specific employee, even if specific names are not mentioned. E) You avoid doing anything online that would not be acceptable in a face-to-face situation in your workplace.
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 228 units were purchased at $9 per unit.August 1833 units were purchased at $11 per unit.August 2930 units were sold.What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
A. $302.40 B. $274.00 C. $615.00 D. $363.00 E. $276.50
Furniture World is required by law to collect and remit sales taxes to the state. If Furniture World has $78,000 of cash sales that are subject to a 6% sales tax, what is the journal entry to record the cash sales?
A. Debit Sales Taxes Payable $4,680; debit Cash $73,220; credit Sales $78,000. B. Debit Cash $78,000; credit Sales $78,000; and record the taxes when paid. C. Debit Accounts Receivable $82,680; credit Sales $78,000; credit Sales Taxes Payable $4,680. D. Debit Cash $82,680; credit Sales $78,000; credit Sales Taxes Payable $4,680. E. Debit Cash $78,000; credit Sales $73,320; credit Sales Taxes Payable $4,680.
Advertising expenditures by U.S. corporations
A. average only about 2.5 percent of sales. B. are higher for newspaper advertising than television advertising. C. must be approved by an advertising agency that is registered with the Federal Trade Commission. D. are lower than in other countries. E. are highest for business product companies (as a percent of sales).